Working Paper No. 610

Demand Uncertainty, Mismatch and (Un)Employment

Published: November 28, 2003Pages: 19Keywords: Skill Mismatch; Price Uncertainty; Unemployment EquilibriumJEL-codes: I28; J41; L13

Demand Uncertainty, Mismatch and (Un)Employment Mohamed Jellal, Jacques-Françis Thisse and Yves Zenou


A finite number of heterogeneous firms facing demand-induced price fluctuations imperfectly compete for heterogeneous workers. Because firms must commit to wages and employment before the realization of product price, they exhibit a risk-averse behavior. It is then shown that unemployment may arise in equilibrium because of the combination of uncertainty on product price and mismatch between workers' skills and firms' job requirements.

 

An Agenda for Europe

Institutional Reform for Innovation and Entrepreneurship

Omslag 2017 Institutional Reform for Innovation and Entrepreneurship.jpg

The authors of this book, Niklas Elert, Magnus Henrekson and Mikael Stenkula, advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal.

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To present ongoing research informal brown-bag seminars are held on Mondays at 11:30 am. This is an opportunity for IFN researchers to test ideas and results.

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